Temple Academy

Charity Navigator Rating: One-Star out of Four Stars (54%)

Temple Academy has received a low rating of 54% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and a high program expense ratio of 81.67%, it scored poorly in several critical areas, particularly due to the absence of financial statements and essential policies like conflict of interest and whistleblower protections.

The organization has demonstrated positive governance through its independent board members and the maintenance of meeting minutes. However, the lack of publicly available financial statements and missing policies raises questions about transparency and overall operational effectiveness. Additionally, a concerning liabilities to assets ratio of 364.56% suggests financial instability.

Overall, while Temple Academy shows strengths in governance and program spending, the significant gaps in financial transparency and policy adherence highlight areas for improvement that could enhance donor confidence and organizational accountability.

This AI summary has been generated from information found on Charity Navigator.

Temple Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Temple Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $64,824
Professional Fundraising Fees: $0
Other Salaries and Wages: $638,986

For more financial information, click here

Official website here: www.templebaptistacademy.com